ENGLEWOOD, CO--(Marketwired - Apr 10, 2013) - Evolving Systems, Inc. (NASDAQ: EVOL)
Expansion projects and major upgrades driven by:
- Rapid take-up of LTE across mobile markets
- Demand for flexibility and real-time performance in service activation
Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of strategic solutions to telecom operators worldwide, reports that mobile operators are investing in its Tertio® Service Activation solution, driven by growth in mobile data and the roll-out of LTE networks.
LTE is among the fastest-growing mobile network technologies, as operators invest to provide the mobile data services demanded in markets around the world. In 2012, approximately one hundred new commercial networks were launched, and 2013 is expected to see similar growth.
Many of the world's leading mobile operators rely on Evolving Systems' Tertio solution to provision and manage services for their customers -- and are now choosing it as the activation platform for their LTE networks. In 2012 the Company completed several large LTE rollouts for existing customers and to date for 2013, Evolving Systems has received multiple orders from operators in Europe and the Middle East to use Tertio for their LTE projects.
"Mobile data, and in particular LTE, is extremely important to all of our mobile operator customers," said Bill Chard, VP Product Management at Evolving Systems. "A successful LTE roll-out depends on many factors, and the OSS systems form a central pillar in every launch. Our investment in Tertio to support LTE has ensured that it can perform this vital role in our customers' continued business growth."
As well as projects to support LTE, Evolving Systems' customers are also implementing the latest version of the Tertio product suite, enabling them to model and activate increasingly complex bundles of services, and to provide the real-time activation demanded by internet-savvy customers who demand instant fulfillment.
"During the first quarter, as we witnessed in 2012, our customers continued to look to Evolving Systems as their trusted partner for LTE deployments," said Thad Dupper, Chairman and CEO. "Evolving Systems' ability to help operators shorten their time-to-market when implementing LTE's complex service bundles, and at the same time lower their total cost of ownership while providing superb levels of quality and availability, are what our customers have come to expect from our Tertio Service Activation product."
About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to 50 network operators in over 40 countries worldwide. The Company's product portfolio includes market-leading activation products that address subscriber service activation, SIM card activation, mobile broadband activation as well as the activation of connected devices. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, India and Malaysia. For more information please visit www.evolving.com or follow us on Twitter: http://twitter.com/EvolvingSystems
This news release contains "forward-looking statements" within the meaning of the United States' Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, Evolving Systems' statements about the impact and ability of Evolving Systems' Tertio solution to handle future needs of the the company's customers are forward-looking statements. Readers should not place undue reliance on these forward-looking statements, and Evolving Systems may not undertake to update these forward-looking statements. Actual results could differ materially because of many factors, such as internal budgeting changes of customers, the impact of competition and the general state of the telecommunications industry. For a more extensive discussion of Evolving Systems' business, please refer to the Company's Form 10-K filed with the U.S. SEC on March 12, 2013, as well as subsequently filed Forms 10-Q, 8-K and press releases and the Company's website at www.evolving.com and on Twitter at http://twitter.com/EvolvingSystems